XHB vs. AIPO

Last updated Aug 2, 2026

XHB (SPDR S&P Homebuilders ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - XHB is a Building & Construction fund tracking the S&P Homebuilders Select Industry Index, while AIPO is a Artificial Intelligence fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. Over the past year, XHB returned 0.45% vs 42.03% for AIPO. Their 0.32 correlation means their historical movements had little consistent relationship. XHB charges 0.35%/yr vs 0.69%/yr for AIPO.

Performance

XHB vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Homebuilders ETF (XHB) and Defiance AI & Power Infrastructure ETF (AIPO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XHB achieves a 1.01% return, which is significantly lower than AIPO's 29.43% return.

XHB

• 1D: -0.79%
• 1M: -7.88%
• 6M: -4.06%
• YTD: 1.01%
• 1Y: 0.45%
• 3Y*: 7.59%
• 5Y*: 7.43%
• 10Y*: 12.21%
• ALL TIME*: 5.06%

AIPO

• 1D: 0.63%
• 1M: -7.73%
• 6M: 16.62%
• YTD: 29.43%
• 1Y: 42.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 40.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIPO Defiance AI & Power Infrastructure ETF	$40.86M	$38.41M	$47.30M
XHB SPDR S&P Homebuilders ETF	$247.88M	$253.08M	$291.07M

XHB vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
XHB SPDR S&P Homebuilders ETF	1.01%	-2.15%
AIPO Defiance AI & Power Infrastructure ETF	29.43%	9.46%

Correlation

The correlation between XHB and AIPO is 0.33, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.33
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.32

XHB vs. AIPO - Sectors Allocation Comparison

Sectors	XHB	AIPO
Consumer Cyclical	60.4%	0.7%
Industrials	38.2%	58.0%
Basic Materials	14.4%	-
Consumer Defensive	3.5%	-
Real Estate	1.3%	0.9%
Communication Services	-	0.5%
Energy	-	6.8%
Financial Services	-	2.9%
Healthcare	-	-
Technology	-	15.7%
Utilities	-	15.3%

Return for Risk

XHB vs. AIPO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XHB

XHB Risk / Return Rank: 13
XHB Sharpe Ratio Rank: 13
XHB Sortino Ratio Rank: 14
XHB Omega Ratio Rank: 13
XHB Calmar Ratio Rank: 13
XHB Martin Ratio Rank: 12

AIPO

AIPO Risk / Return Rank: 43
AIPO Sharpe Ratio Rank: 42
AIPO Sortino Ratio Rank: 42
AIPO Omega Ratio Rank: 41
AIPO Calmar Ratio Rank: 45
AIPO Martin Ratio Rank: 47

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XHB vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Homebuilders ETF (XHB) and Defiance AI & Power Infrastructure ETF (AIPO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XHB	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	0.08	1.05	-0.97
Sortino ratio: Return per unit of downside risk	0.35	1.53	-1.18
Omega ratio: Gain probability vs. loss probability	1.04	1.19	-0.15
Calmar ratio: Return relative to maximum drawdown	0.11	1.61	-1.50
Martin ratio: Return relative to average drawdown	0.21	5.40	-5.18

XHB vs. AIPO - Sharpe Ratio Comparison

The current XHB Sharpe Ratio is 0.08, which is lower than the AIPO Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of XHB and AIPO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XHB vs. AIPO - Drawdown Comparison

The maximum XHB drawdown since its inception was -81.61%, which is greater than AIPO's maximum drawdown of -24.36%. Use the drawdown chart below to compare losses from any high point for XHB and AIPO.

Drawdown Indicators

	XHB	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-81.61%	-24.36%	-57.25%
Max Drawdown (1Y) Largest decline over 1 year	-21.71%	-24.36%	+2.65%
Max Drawdown (3Y) Largest decline over 3 years	-30.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.46%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-49.57%	—	—
Current Drawdown Current decline from peak	-16.36%	-17.66%	+1.30%
Average Drawdown Average peak-to-trough decline	-27.48%	-5.28%	-22.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.08%	7.27%	+3.81%

Volatility

XHB vs. AIPO - Volatility Comparison

The current volatility for SPDR S&P Homebuilders ETF (XHB) is 7.68%, while Defiance AI & Power Infrastructure ETF (AIPO) has a volatility of 14.51%. This indicates that XHB experiences smaller price fluctuations and is considered to be less risky than AIPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XHB	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.68%	14.51%	-6.83%
Volatility (6M) Calculated over the trailing 6-month period	21.65%	29.84%	-8.19%
Volatility (1Y) Calculated over the trailing 1-year period	28.26%	37.46%	-9.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.00%	37.20%	-9.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.59%	37.20%	-9.61%

XHB vs. AIPO - Expense Ratio Comparison

XHB has a 0.35% expense ratio, which is lower than AIPO's 0.69% expense ratio.

Dividends

XHB vs. AIPO - Dividend Comparison

XHB's dividend yield for the trailing twelve months is around 0.63%, more than AIPO's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XHB SPDR S&P Homebuilders ETF	0.63%	0.78%	0.59%	0.77%	1.06%	0.51%	0.73%	0.89%	1.25%	0.72%	0.67%	0.50%

Frequently Asked Questions

Can I hold both XHB and AIPO in my portfolio?

XHB and AIPO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XHB or AIPO?

AIPO has higher volatility (14.51%) compared to XHB (7.68%). In terms of maximum drawdown, XHB dropped -81.61% vs AIPO's -24.36%.

Which ETF is better, XHB or AIPO?

On 1-year performance, AIPO leads with 42.03% vs 0.45% for XHB. On fees, XHB is cheaper at 0.35% per year. On volatility, XHB has been the lower-risk option at 7.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XHB or AIPO?

Over the 1-year period, AIPO has performed better with a 42.03% return vs 0.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XHB or AIPO?

XHB is cheaper with a 0.35% expense ratio, compared with 0.69% for AIPO.

Which ETF pays a higher dividend yield, XHB or AIPO?

XHB has the higher dividend yield at 0.63%, compared with 0.01% for AIPO.

What is the main difference between XHB and AIPO?

XHB is categorized as Building & Construction, while AIPO is Artificial Intelligence. XHB tracks S&P Homebuilders Select Industry Index, while AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index. They also come from different issuers: State Street and Defiance. Their fees differ too: 0.35% for XHB and 0.69% for AIPO.

Which has better risk-adjusted returns?

AIPO currently has the higher Sharpe Ratio (1.05 vs 0.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.